- Selected grab samples yielding up to 58 g/t gold and
140 g/t silver from the M25 Quartz Vein; 71 g/t gold and 15.60 g/t
silver from the Marge Quartz Vein; and 32 g/t gold at the River
East Zone.
- Additional selected grab samples from Sulphide Veins in the
CRK Zone (including the West segment) graded up to 9.56 g/t gold,
55 g/t silver, 30% zinc, 1.69% copper.
/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES./
TORONTO, Dec. 3, 2019 /CNW/ - Laurion Mineral
Exploration Inc. (TSX-V: LME; OTCPINK: LMEFF)
("LAURION" or
the "Corporation") is pleased to issue new assay
results (the "Results") from selected grab samples at the
Corporation's wholly-owned Ishkoday Project ("Ishkoday"),
located 220 km northeast of Thunder Bay,
Ontario (Figures 1 to 7; Tables 1 and 2).
Refer to tables and maps on LAURION's website (Table 2;
Figures 1 to 7) using the following link:
http://www.laurion.org/ishkoday-project/highlights/2019-field-exploration-program/
Cynthia Le Sueur-Aquin, President
and CEO of the Corporation stated "New selected grab samples
were taken by LAURION's geologists and prospectors at a number of
mineralized zones and at large to not only validate the historical
sampling of the M25, 85-1, River Zone
East and Marge Quartz Veins segments, but also new vein
segments in sectors of the Target Area inaccessible to our 2018 and
2019 channel sampling. Assays from these samples continue to
corroborate historical and other more recent results on the
prospectivity of Quartz, Oxide-Sulphide and Sulphide Veins at
Ishkoday, in addition to confirming significantly higher grade
gold, silver and zinc values."
Table 1. Selected grab sample results from the 2019 Stage
2 Campaign greater than 1g/t gold and greater than 1% zinc with
accompanying silver values.
SELECTED GRAB
SAMPLE NUMBER
|
UTM
COORDINATES
NAD
83
ZONE
16
|
ROCK
TYPES
|
GOLD
g/t
|
SILVER
g/t
|
ZINC
%
|
COPPER
%
|
LEAD
%
|
EASTING
|
NORTHING
|
M25 QUARTZ
VEIN
|
864389
|
443532
|
5510969
|
QV
|
1.19
|
0.60
|
0.01
|
trace
|
trace
|
864456
|
443500
|
5510883
|
QV
|
2.04
|
10.30
|
0.04
|
0.01
|
trace
|
864458
|
443516
|
5510891
|
QV
|
50.60
|
140.00
|
0.15
|
0.10
|
0.02
|
864460
|
443531
|
5510902
|
QV
|
10.85
|
25.70
|
0.01
|
0.01
|
trace
|
864462
|
443554
|
5510916
|
QV
|
58.10
|
17.10
|
trace
|
trace
|
trace
|
864465
|
443585
|
5510936
|
QV
|
2.98
|
7.20
|
trace
|
trace
|
trace
|
864469
|
443619
|
5510973
|
QV
|
4.42
|
5.50
|
trace
|
trace
|
trace
|
864479
|
443631
|
5510985
|
QV
|
9.14
|
9.50
|
trace
|
trace
|
trace
|
864481
|
443636
|
5510993
|
QV
|
2.65
|
14.70
|
trace
|
trace
|
trace
|
864482
|
443640
|
5510998
|
QV
|
1.53
|
1.80
|
trace
|
trace
|
trace
|
864483
|
443645
|
5511005
|
QV
|
12.35
|
6.70
|
trace
|
trace
|
trace
|
864491
|
443689
|
5511065
|
QV
|
2.96
|
7.30
|
trace
|
0.01
|
trace
|
864492
|
443680
|
5511061
|
QV
|
11.50
|
8.10
|
0.01
|
trace
|
trace
|
864494
|
443666
|
5511041
|
QV
|
3.08
|
3.20
|
trace
|
trace
|
trace
|
MARGE QUARTZ
VEIN
|
864549
|
444185
|
5511744
|
QV
|
22.40
|
4.10
|
trace
|
trace
|
trace
|
864554
|
444254
|
5511760
|
QV
|
3.69
|
1.40
|
0.01
|
trace
|
trace
|
864559
|
444249
|
5511793
|
QV
|
21.40
|
3.50
|
0.01
|
0.01
|
trace
|
864566
|
444225
|
5511847
|
QV
|
19.25
|
7.40
|
0.02
|
0.01
|
trace
|
864568
|
444241
|
5511853
|
QV
|
9.61
|
1.90
|
0.02
|
trace
|
trace
|
864572
|
444263
|
5511878
|
QV
|
22.90
|
3.80
|
0.01
|
trace
|
trace
|
864573
|
444270
|
5511891
|
QV
|
71.10
|
15.60
|
0.01
|
0.01
|
trace
|
864574
|
444277
|
5511903
|
QV
|
3.41
|
2.10
|
0.02
|
0.02
|
trace
|
NORTH RIVER
ZONE
|
864511
|
444865
|
5512999
|
QV
|
3.91
|
7.50
|
trace
|
trace
|
0.03
|
864512
|
444868
|
5512986
|
QV
|
2.15
|
1.60
|
trace
|
trace
|
trace
|
864513
|
444871
|
5512993
|
QV
|
1.44
|
0.25
|
trace
|
trace
|
trace
|
864516
|
444867
|
5512993
|
QV
|
32.10
|
6.80
|
trace
|
trace
|
trace
|
864517
|
444868
|
5513000
|
QV
|
4.13
|
0.60
|
0.01
|
trace
|
trace
|
864521
|
444918
|
5513077
|
QV
|
5.25
|
1.10
|
0.01
|
trace
|
trace
|
CRK
ZONE
|
864397
|
446127
|
5512188
|
N/A
|
1.05
|
1.80
|
0.03
|
0.03
|
0.01
|
864472
|
445778
|
5512061
|
MAGSV
|
6.63
|
21.50
|
0.09
|
0.43
|
0.04
|
864584
|
445779
|
5512119
|
QV, SV
|
1.71
|
4.80
|
0.12
|
0.05
|
0.01
|
864586
|
445876
|
5512225
|
QV, SV
|
4.67
|
2.80
|
0.02
|
0.03
|
0.01
|
864587
|
445866
|
5512215
|
QV, SV
|
2.39
|
1.00
|
0.01
|
0.06
|
trace
|
869976
|
445629
|
5512122
|
SV
|
0.58
|
5.10
|
2.33
|
0.14
|
0.01
|
869977
|
445637
|
5512144
|
SV
|
9.56
|
11.70
|
2.98
|
0.16
|
trace
|
869979
|
445626
|
5512116
|
SV
|
0.20
|
3.90
|
2.22
|
0.07
|
0.01
|
869981
|
445627
|
5512107
|
SV
|
0.24
|
8.20
|
2.28
|
0.15
|
0.02
|
869984
|
445627
|
5512096
|
MAGSV
|
0.17
|
3.10
|
2.66
|
0.06
|
trace
|
869989
|
445634
|
5512063
|
MAGSV
|
3.16
|
7.90
|
2.77
|
0.05
|
trace
|
869991
|
445636
|
5512063
|
MAGSV
|
0.82
|
3.10
|
4.88
|
0.07
|
0.02
|
869992
|
445633
|
5512063
|
MAGSV
|
0.35
|
1.50
|
2.09
|
0.02
|
0.01
|
869993
|
445632
|
5512064
|
MAGSV
|
3.40
|
8.10
|
1.39
|
0.03
|
0.01
|
869994
|
445623
|
5512058
|
SV
|
1.07
|
21.40
|
30.00
|
0.61
|
0.04
|
869996
|
445634
|
5512043
|
MAGSV
|
1.48
|
6.50
|
0.83
|
0.26
|
0.02
|
CRK ZONE
WEST
|
864398
|
446323
|
5512469
|
SV
|
1.79
|
24.20
|
9.84
|
0.16
|
0.72
|
864399
|
446323
|
5512469
|
SV
|
2.57
|
55.40
|
3.26
|
0.35
|
0.61
|
864401
|
446625
|
5513077
|
QV
|
2.15
|
35.50
|
0.05
|
0.64
|
0.15
|
864408
|
446813
|
5513302
|
N/A
|
1.65
|
26.30
|
0.37
|
0.22
|
0.03
|
864409
|
446739
|
5513215
|
QV
|
2.15
|
5.80
|
0.16
|
0.02
|
0.05
|
864411
|
446417
|
5513071
|
QV
|
1.10
|
564.00
|
3.58
|
1.69
|
0.07
|
M25, M21, 85-1 NE
EXTENSIONS
|
864440
|
443883
|
5511220
|
QV
|
1.45
|
0.70
|
trace
|
trace
|
trace
|
864442
|
443858
|
5511152
|
QV
|
24.50
|
1.60
|
trace
|
0.12
|
trace
|
864443
|
443758
|
5511043
|
QV
|
1.03
|
7.70
|
trace
|
trace
|
trace
|
PROSPECTING
|
864392
|
442502
|
5510389
|
QV
|
7.78
|
1.70
|
trace
|
trace
|
0.01
|
864412
|
444984
|
5511684
|
QV
|
29.70
|
2.00
|
0.02
|
0.01
|
trace
|
864414
|
445021
|
5511715
|
SV
|
0.52
|
49.10
|
4.17
|
1.68
|
0.05
|
864415
|
445021
|
5511715
|
SV
|
0.12
|
23.70
|
1.71
|
0.54
|
0.01
|
864589
|
445727
|
5511705
|
N/A
|
2.17
|
3.30
|
0.02
|
0.02
|
0.01
|
Legend: DIO –
Diorite; QV – Quartz Vein; SV – Sulphide Vein; MAGSV –
Magnetite-Actinolite-Chlorite-Monazite Sulphide
("Oxide-Sulphide") Vein; N/A – Rock Types were not
assigned.
|
Selected grab samples were taken from historic and new vein
segments in sectors of the Target Area during various
prospecting programs throughout the 2019 Exploration Campaign.
Additional work is still required to independently verify these
results. LAURION cautions that these selected grab samples may not
be representative of mineralization on the Ishkoday.
QA-QC Protocols
Samples for assay from this program were initially processed and
prepared by ALS Global Geochemistry in Thunder Bay (Ontario), with pulps sent to and analyzed by
ALS Global Analytical Lab in North
Vancouver (BC), using the Fire Assay method of
analysis. LAURION employs an industry standard system of external
standards, blanks and duplicates for all its sampling in addition
to the QA/QC protocol employed by the laboratory.
Selected grab samples were individually taken of fresh vein or
surrounding host rock material by a LAURION qualified geologist.
Individual samples weighed from 1 to 5kg each. Each sample was
inserted in individual plastic bags with UTM coordinates and a
field sample number. Each sample location was flagged with the
field sample number. Field data on each sample was recorded and
included field sample number, rock description and UTM coordinates.
Individual plastic sample bags were taken to the LAURION field
office, catalogued, an ALS sample tag was added to the bag, then
sealed, and inserted in large nylon bags with standards, blanks and
duplicates in a pre-established sequence. The nylon bags were
then sealed and transported by LAURION to the ALS facility in
Thunder Bay. Ontario.
Once at ALS, individual samples are again catalogued using the
bar coding system, dried, weighed, crushed, pulverized to 70%
<2mm, and riffle-split for final pulverization to 85% <75µm.
A final 50 gram pulp split was taken for Fire Assay using Au-ICP22
gold analysis up to 10,000 ppb gold. Samples giving results beyond
10,000 ppb gold are re-analyzed with a new 50 gram pulp split to
ore grade levels using a gravimetric finish. The Four Acid
Digestion with ICP-AES Finish is used for multi-elements analysis
that includes silver, zinc, copper and lead. Zinc, copper and lead
values greater than 10,000ppm are re-analyzed using the Four Acid
Overlimit Methods with results given in percent.
Qualified Persons
Mr. Jean Lafleur, P. Geo. (PGO,
OGQ). LAURION's VP Exploration is a Qualified Person as defined by
National Instrument 43-101 and has reviewed and approved the
technical content of this news release.
About Laurion
The Corporation is a junior mineral exploration and development
company listed on the TSX-V under the symbol LME and on the OTCPINK
under the symbol LMEFF. LAURION now has 172,998,038 outstanding
shares of which 58.2% owned and controlled by Insiders who are
eligible investors under the "Friends and Family" categories.
LAURION's emphasis is on the development of its flagship
project, the 100% owned mid-stage 44 km2 Ishkoday
Project, and its gold-silver and gold-rich polymetallic
mineralization with a significant upside potential. Ishkoday has a
project-wide database (2008 to 2018) that includes 283 diamond
drill holes totaling 40,729 m,
geological mapping, ground and airborne geophysics, and 14,992
individual samples with assays and geochemical analysis. The
mineralization on Ishkoday is open at depth beyond the current
core-drilling limit of -200 m from
surface, based on the historical mining to a -685 m depth, as evidenced in the past producing
Sturgeon River Mine.
The 2018-2019 exploration initiated in May 2018 is a three-staged 18-month program with
the strategic objective of outlining the precious and base
metals upside potential at Ishkoday, part of the 5km by 1km Target
Area of the southern claims block. The Exploration Team has
confirmed the extent of known and new gold bearing quartz and
polymetallic sulphide veins that will ultimately help in completing
the construction of the 2-D and 3-D model and helping guide future
exploration targeting. This Model will provide LAURION with a solid
technical foundation to initiate diamond drilling to demonstrate
upside potential across the 5km by 1 km Target Area at
Ishkoday as part of the Stage 3 drill program starting later in
2019 and in 2020. The field portion of the Stage 2 Campaign is
now completed.
Caution Regarding Forward-Looking Information
This news release contains forward-looking statements, which
reflect the Corporation's current expectations regarding future
events, Laurion's business, operations and future plans for the
development of the Corporation and/or the Ishkoday Gold Project,
and management's objectives, strategies, beliefs and
intentions.
The forward-looking statements involve risks and
uncertainties. Actual events and future results, performance or
achievements expressed or implied by such forward-looking
statements could differ materially from those projected herein
including as a result of a change in the trading price of the
Corporation's common shares, the interpretation and actual results
of current exploration activities, changes in project parameters as
plans continue to be refined, future prices of gold and/or other
metals, possible variations in grade or recovery rates, failure of
equipment or processes to operate as anticipated, the failure of
contracted parties to perform, labor disputes and other risks of
the mining industry, delays in obtaining governmental approvals or
financing or in the completion of exploration, as well as those
factors disclosed in the Corporation's publicly filed documents.
Investors should consult the Corporation's ongoing quarterly and
annual filings, as well as any other additional documentation
comprising the Corporation's public disclosure record, for
additional information on risks and uncertainties relating to these
forward-looking statements. The reader is cautioned not to rely on
these forward-looking statements. Subject to applicable law, the
Corporation disclaims any obligation to update these
forward-looking statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
SOURCE Laurion Mineral Exploration Inc.